Benzinga | Aug 3, 2021 04:14PM EDT

Fort Benning Works With Honeywell To Improve Energy Resilience

* Honeywell International Inc (NASDAQ:HON) and Fort Benning, a U.S. Army post located on the border of Alabama and Georgia, announce the next phase of a modernization project.

* The next phase will improve energy resilience and create a more comfortable living and working environment for Fort Benning soldiers, employees, and tenants. The $23 million project will help significantly reduce energy consumption on the base and generate $1.4 million in annual energy savings.

* This project phase includes more than 300 buildings, covering approximately 11.2 million square feet of Fort Benning's total 26 million square feet of floorage.

* The project includes a utility monitoring and control system (UMCS), communication and cybersecurity upgrades, LED lighting, lighting controls, occupancy sensors, building envelope improvements such as sealing cracks, gaps, holes, and window solar film.

* Honeywell will repair an existing roof-mounted solar system to aid in producing renewable energy.

* The project represents the next phase of a 25-year energy savings performance contract (ESPC) awarded to Honeywell in 2019 by Fort Benning, with a total project value of $43 million.

* Price Action: HON shares closed higher by 0.10% at $232.65 on Tuesday.